First Hawaiian Bank First Quarter 2012 Earnings

FIRST HAWAIIAN REPORTS 1.9 PERCENT INCREASE IN FIRST QUARTER EARNINGS

(Honolulu, Hawaii, April 20, 2012) – First Hawaiian Bank today announced 2012 first quarter net income of $53.5 million, excluding after-tax security gains. This represents a 1.9 percent increase over the $52.5 million earned in the first quarter of 2011, also excluding after-tax security gains. The announcement was made today by Bob Harrison, First Hawaiian Bank president and chief executive officer.

“Continuing the momentum we achieved in 2011, the bank’s solid first quarter performance represents a 6.2 percent increase over the previous quarter,” Harrison said. “We achieved growth in our loan portfolio despite a slow construction sector. We remain optimistic that increases in tourism and consumer confidence will help boost Hawaii’s economy in the future.”

Compared to the previous year, for the first three months ending March 31, 2012, First Hawaiian achieved the following:

Total Assets: grew to $16.1 billion, an increase of 6.5% and the highest asset total in the company’s history.

Deposits: were $12.4 billion, up 15.0%.

Loans and Leases: were $8.4 billion, a 2.8% increase

Capital (Net Worth): was in excess of $2.6 billion, and remained well above Hawaii banks and in the top quartile nationally as a percentage of total assets.

Non-Performing Assets to Total Assets: remained one of the best in the U.S. at 0.22%.

Efficiency Ratio: of 42.8% was the lowest among commercial banks in Hawaii and one of the lowest in the U.S., ranking First Hawaiian among the most efficient banks in the nation.

During the quarter, the bank announced plans to renovate its Makiki Branch this year and build a new larger branch in Aina Haina as part of its strategy to build long-lasting personal and business customer relationships.

Finally, First Hawaiian recently published its 2012 first quarter Business Activity Report (BAR) which tracks sales activity in 16 different economic sectors. The BAR underscored the State’s continued economic recovery with a 10.38% increase in first quarter same store sales over the comparable period of 2011. This was the highest quarterly percentage increase in two years.

First Hawaiian Bank (www.fhb.com) with $16.1 billion in total assets was founded in 1858 and is Hawaii’s oldest and largest bank. It is a wholly-owned subsidiary of BNP Paribas, a leading global financial services institution.

First Hawaiian Bank Wealth Management Group provides financial products and services through First Hawaiian Bank and its various affiliates and subsidiaries. First Hawaiian Bank and its affiliates do not provide tax or legal advice.

The insurance and annuity products are obligations of the insurance company and (i) are not insured by the FDIC or any other agency of the United States; and (ii) are not deposits or other obligations of, or guaranteed or insured by, First Hawaiian Bank or any of its affiliates. For certain cash value life insurance products there is investment risk, including the possible loss of value.

Investment, Annuity, and Insurance products are:NOT INSURED BY FDIC OR ANY GOVERNMENT AGENCY • MAY LOSE VALUE • NOT A DEPOSIT • NOT GUARANTEED BY FIRST HAWAIIAN BANK